Which Finding Have Economists Who Study Labour Markets Discovered

question 117

Multiple Choice

Which finding have economists who study labour markets discovered

• A)Chance is difficult to measure, but only about five percent of wage differences are related to chance.
• B)Ability is not difficult to measure, but it is largely insignificant in explaining wage differences.
• C)Work effort is difficult to measure, but it is not likely to contribute much to an explanation of wage differences.
• D)Ability, effort, and chance are all likely to be significant contributors to wage differences.

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Definitions:

Card Check Recognition

A method of union recognition where an employer acknowledges a union's role as bargaining agent if a majority of employees show support, typically by signing authorization cards.

Efficiency

The ability to accomplish a task or produce an outcome with the least waste of time and resources.

Unionism

The principle or policy of forming, joining, and promoting the interests of labor unions to protect and improve the rights and working conditions of workers.

Cooperative Document

A written agreement used in collaborative arrangements to outline the responsibilities and expectations of all parties involved.